When should I hire a Lawyer?
As soon as possible, preferably before you sign an Agreement of Purchase and Sale. We can examine the Agreement of Purchase and Sale and may be able to suggest clauses or conditions to protect you. If you have already entered into an Agreement of Purchase and Sale, we can ensure that you are aware of your rights and obligations, and that all conditions specified in the Contract are carried out before the sale is final.
What are Heads of Terms?
Heads of Terms or Letter of Intent essentially set out the main terms of a corporate deal. The Heads of Terms will include, for example, sale price, what assets are included, who the seller and the purchaser are, and any other key terms. They may be drawn up by the selling agent, or one of the parties’ solicitors. Heads of Terms are commonly agreed and signed by both parties and can be legally binding. It is strongly advisable to seek legal advice before signing. Clauses with regard to exclusivity, legal costs etc. need to be very carefully considered and consulting one of our expert lawyers will ensure you get the best deal possible.
What is a joint venture?
A joint venture is when two or more business entities or individuals combine to access or grow a particular market or set up a new undertaking or project. Entities such as partnerships, consortiums and trade alliances all fall under the Joint Venture term. A Joint Venture agreement will be drawn up to deal with terms such as the business’ objectives, how they will be achieved, financing, management and how profits will be shared.
Is Rashed Bin Arab Firm the right law firm for me? Why should I trust your firm with my case?
Choosing a law firm to represent you and your case is one of the most important decisions you can make. We understand that your case is important to you and choosing the right firm and attorneys to represent you could make the difference for your case. Rashed Bin Arab Law Firm is a boutique law firm with over 20 years of combined experience. Being that we are a boutique firm, we are able to dedicate the appropriate resources and time to manage your case.
What types of cases does your law firm handle?
At Rashed Bin Arab we handle claims at all levels of litigation. Our areas of practice include Business Law, Employment and Labor Law, Intellectual Property/Technology Transactions, and Litigation.
Do I need to come into your office and meet you in person to retain you, or to receive legal services?
It is preferable for you to come to our office so that you can become acquainted with the staff who will be working diligently on your case. However, when it is not possible for you to come to our office, we can schedule a date and time to meet with you at a location that is more convenient for you. In addition, we can facilitate business electronically to save you time and money.
What are your business hours?
Our business hours are 8:30 am to 6:00 pm Sunday through Thursday. However, please feel free to call or email us after hours. We are committed to returning our client’s and potential client’s calls and emails within 24 hours or less.
What is due diligence?
Essentially this is a “fact finding” exercise about the business; its accounts, its employees, its clients, its assets and liabilities and any appropriate insurances in place. When we act for a buyer, we submit relevant and comprehensive enquiries requesting copies of all the necessary documentation, reviewing these and identifying any gaps or issues, raising further enquiries as appropriate. When we act for a seller we advise on completion of all the enquiries received from the purchaser and assist in organizing and indexing the documentation which will then be referred to throughout the transaction
What will the legal fees cost me?
We are committed to providing you with the most cost effective legal representation. We can arrange hourly, contingency, and flat fee agreements.
What is expected of me as a client of your firm?
We want you to trust that we are here to help you during the difficult times that arise when being faced with a lawsuit. We expect for you to come to us with any questions or concerns that you may have. We want you to be honest and responsive with us so that we can best prepare you for any possible depositions.
How will I be kept informed of my case?
We know that you have a busy schedule and yet want to stay informed on your case proceedings. We will keep you informed as to any important updates in your case so that you are well up-to-date but not overwhelmed. We are here to support you and take some stress away by keeping track of all of the detailed proceedings in your case.
What are warranties and indemnities?
Warranties are designed to obtain the formal disclosure by the seller to the buyer as to the accuracy of the information provided during the due diligence process. Indemnities are promises by the seller to make good any potential losses that may be incurred by the buyer in certain circumstances. Warranties and indemnities are negotiated as terms of the Agreement. The greater amount of warranties and indemnities there are, the more the buyer will feel confident about the business they are buying and this can mean that a higher price can be negotiated.
What can I expect to receive if my case settles?
There are several factors to be considered in reaching a settlement amount. The majority of our clients are satisfied with the settlement amount we have obtained on their behalf.
How much will it cost to sell or purchase a business?
This will depend on a range of factors. This will include the size of the business, its assets, it is staff, the services it provides, whether it’s held by an individual or a company and what is happening with the business premises. We’ll tell you about all the associated costs, such as search fees, land tax or stamp duty. We do offer fixed fees for business sales and purchases, so you’ll know what costs are involved right from the start.
Will I have to go to court?
You will not necessarily have to go to court. Throughout the process of representing our clients, we constantly strive to achieve the most cost-effective solution. Taking into consideration the strength of the evidence in your case, your plausible performance during a deposition, and your need for closure. The majority of cases settle before ever getting to trial. However, we have the extensive trial experience needed to be able to confidently stand with you, counsel you, prepare you for court, and most importantly be able to actively represent you in a court of law.
How long will this process take?
The length of time that a legal proceeding can take varies greatly from case to case due to the very unique facts of each case. Many factors are not within our hands and often lay within the scope of the court’s schedule. Multiple developments during a proceeding can contribute to speeding up or delaying a conclusion for a case. We ensure that all deadlines are met on our part to ensure as speedy a process on your behalf as possible.
What is a negotiable instrument?
A negotiable instrument is an unconditioned, signed writing that represents money that is to be transferred to another. Checks, certificates of deposit and promissory notes are examples of negotiable instruments.
What can a creditor do to collect a debt?
A creditor may commence a lawsuit and obtain a judgment against a debtor. In addition, a creditor may repossess any collateral used as security for the debt and/or garnish the debtor’s wages.
What is bankruptcy?
Bankruptcy is a legal way to seek relief from creditors. A debtor often files for bankruptcy protection when he or she owes creditors more than he or she has the ability to pay. Very broadly, under federal bankruptcy law, debtors’ assets are used to pay off debt or payment plans are set up.
Why do I need a corporate lawyer?
You need a corporate lawyer to protect you and watch your back. A well-drafted agreement is like a good insurance policy in the event of a dispute or litigation. Indeed, we live in a litigious society, and it is prudent to retain a good corporate lawyer to make sure you don’t get blindsided. A good corporate lawyer will also provide solid advice and judgment, identify significant risks and help negotiate key terms in a transaction.
What kind of legal services do you provide?
We provide a broad range of corporate legal services — from idea to exit — i.e., from startup counseling and general corporate matters to angel and venture capital financings to mergers, acquisitions and sales of businesses. Unlike most law firms that have many different departments and specialties, we only do one thing: draft and negotiate corporate documents.
How much will my project cost?
It depends. One of our specialist will get on the phone with you at no charge and discuss your project and the billing options. For certain matters, for example, we may be able to provide a fixed or flat fee, which means that no matter how long it takes us to complete the project, you only pay one fee. This can be very appealing to entrepreneurs and startups on a tight budget. Other matters may be more appropriately billed on an hourly basis — in which case, we will give you an estimate up-front, and we will do our best to meet such estimate. Regardless of the arrangement, our goal is to make sure you are happy and to ensure that there are no end-of-the-month surprises regarding invoices.
How do I get started?
The first step is to send rashed bin Arab at …@reashedbinarab.ae0 to set-up a free telephonic consultation. We can then start representing you or your company as soon as we establish that there are no potential conflicts of interest (e.g., that we do not represent a party on the other side of your transaction and you execute our standard engagement letter and pay the requisite retainer deposit.
How will I know which lawyer in the group is best for me?
Our leadership team at the Rashed Bin Arab Law Firm will determine which attorney can best represent you in handling your case. It may not be possible, or advantageous, to have one attorney handle all of your legal matters. One lawyer will be responsible for the overall progress of the case, but from time to time, another attorney may perform certain duties within the case itself. Please do not be concerned if your case is handled by a different attorney within our firm, as ‘your attorney’ will still be your attorney. This is merely another sign to you that we are doing our best to handle your case as professionally and efficiently as possible.
How will I be kept informed of my case?
We understand the importance of communication and transparency between attorney and client. Although we would like to talk to you weekly by telephone, that would be neither practical nor productive. Legal matters have a way of stretching out over long periods of time. To you, it may often seem like ages have gone by without activity, however, in fact, much behind-the-scenes work is being completed so that on the day your matter is ready, nothing will be overlooked. In order to keep the cost of legal services down while maximizing communications, we will strive to keep you informed when anything important happens and to respond to your questions in a reasonable time. In addition, we will inform you when your presence is required, either in our office or in court.
What will the legal service cost?
You are entitled to know, to the extent that we can reasonably inform you at your first visit, what your fee will be. We encourage a frank, open discussion about our fees with each client at the time of the first interview.
Lawyers are paid under various fee arrangements.
What about litigation costs or out-of-pocket expenses?
In addition to legal fees, there are various expenses that must be paid to others in order to prepare your legal matter. For example, payments must be made to obtain necessary reports or copies of necessary documents, to employ court reporters to take depositions, to obtain licenses or permits from governmental authorities, to file suits in courts of law, in addition to other outside entities that are necessary to help your cause. Generally, the amounts of these charges will be in direct proportion to the complexity of the matter involved. The easier your matter is to solve, the less these costs will ordinarily be.
At the start of your legal matter, we will try to estimate for you the amount of out-of-pocket expenses which may be incurred on your behalf. We will discuss with you whether or when you will be required to reimburse us for these expenditures which are made on your behalf to further your legal cause.
What do I do if I have a legal question on a different matter than any pending case?
A phone call to our office will direct you to the person who can best answer your question. Remember, no questions as to your rights, duties or obligations should go unanswered because you did not know which lawyer to call. Fees for these different matters will be charged in accordance with our regular practice.
Suppose my law firm cannot represent me?
From time to time, a potential conflict of interest may arise due to our representation of other clients or governmental bodies in the community. When this occurs, we will immediately withdraw from the matter, if it is already underway. You can be assured that at no time will we knowingly take part in a conflict of interest. If a potential conflict arises, we will fully disclose the facts to you, and remove ourselves from the matter and await further instructions concerning the transfer of your file to another attorney.